JB300
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Posts posted by JB300
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I often see the argument "If a Thai can buy a property in my country why can't I buy one in Thailand" but I never see any acknowledgment that a much higher percentage of people from "My" country. (UK)...Well Looking at the survey about 92% of the voters would like to be able to own his land plot here.
Just like Thais can own land plots in our countries.
A poorly 8% is against any landowning these are the guys from u better go home brigade with their questionable motives...
If u make limited land owning ship like example max one rai in our own name then land speculation cant happen and neither will it bring up the prices.
What it will do is bring back a life the dead Thailand property market..
Nowadays Foreigners no longer buying houses here and houses are no longer getting sold there for laws need get fixed and made more equal..
1) Wants to & is able to travel there e.g. we can just turn up & be allowed in for 60 (30 day exempt + 30 days extension) whereas a Thai needs to jump through so many hoops to get a much more limited visit...
2) Would like to buy a house there
3) Can afford to buy a house there... Let's say the average price of a house in UK is around £150,000 & in Thailand is £50,000 (2.5Million Baht) then say the average UK income is £25,000 & in Thailand is £12,500 (all numbers picked to make the Maths easier) an average UK person could buy an average house in Thailand for 2x their annual salary, whereas the Thai would need to spend 12x theirs...
Not a member of the "Well Go Home Then" camp, but do believe that allowing Foreigners free reign to buy property in Thailand will be bad for the Thais & eventually bad for guys who are happy to buy a house in their Kids/Wives name as they find themselves priced out of the market.
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You only need to look at the example of the Lake District in the UK to see what happens when you allow relatively richer people (In this case Londoners looking for a "Weekend Cottage) to buy land/homes without restriction, in this case it resulted in youngsters who's families had lived in the area for generations being forced to move out of the community as they couldn't afford to rent never mind buy.
Policies got changed so a certain %age of property could only be bought by people with "Strong Ties" to the community, but much of the damage had already been done.
Similar story in Singapore, used to be relatively easy for Foreigners to (get a PR &) buy HDB housing, but restrictions have got tighter & tighter and last time I looked included a clause about selling any other property you owned overseas within 6 months... Again, probably too little too late for the locals struggling to get in the housing ladder (this in a country that allows you to offset your pension contributions against your mortgage).
Point I'm trying to make is in both the examples above, the local community suffered by not restricting "Rich Foreigners" from buying property, do you really think Thailand should go down the same route?
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If you have pay stubs, it does suggest you're working (whilst being physically located) in Thailand so might be easiest to stick 400,000 THB (approx $12,000US) in a Thai Bank Account rather than force the issue & have them look too closely at your working position re Visas & Tax.
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Have you actually seen any condos you like at £20,000 or are you going off of the advertising billboards you see everywhere for units typically 1) Shoe Box in size, 2) Out in the sticks & 3) Yet to break ground...
Have a look on DDProperty (http://m.ddproperty.com/en) for Used Condos for sale, should be relatively straight forward if you find ones that are already in a Foreign Name... Make sure you get yourself a decent solicitor (a couple advertise on here) & make sure you get a certificate from your Thai Bank stating that the money to pay for it came in from overseas.
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Citi's latest currency predictions, suggests June would be a good month (or should I say an improvement) for buying Baht with Euros (& GBP).
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My experience one Saturday morning about two months ago: When I tried to open an account, all the bank reps, the first words out of their mouth was "Work permit.?" Which I do not have, as I am retired, so I had to try the next bank.
But that morning a man at Kasikorn bank opened an account for me. Seemed the only thing he needed was a passport and an address. And no I don't have any great ideas about an address.
Looks like some good advice above about visa and things. What I wanted to tell you is if one bank or one bank branch says no, try, try, and try again. I was in a mall, I don't know if you know, but here many malls have many of the bank branches, and I just walked from bank to bank asking if they would open an account. Probably went to five or six, and as outlined above, most said no. But K bank let me open an act, and everything is going fine.
A Canadian friend of a friend had good luck with Bangkok Bank. The reason I mention that is I have heard on this forum that BB has an easy way (i.e. free) of transferring money from U.S. accounts. So that might be a consideration as to which bank you want to use.
There's a dedicated thread on opening a Thai Bank Account & a few people have reported no problems at Bangkok Bank Soi Buakhao branch just north of Soi Honey(11), opposite the Butchers Arms pub (or Pook Bar if that's your preference).
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I can empathize with the OP though, trying to do my normal workout at my (air-con'd) condo's gym in KL left me a complete wreck for almost 2 days (had heat stroke type headache for 2-3 hours) yet I've had no problem doing (& pushing) it in 6.5 years using my condo gyms in Singapore.
Worked out (drrrr... Dumb or what) that the fact the new place is literally a Glass box, getting the full force of the Sun from morning to evening probably had something to do with it.
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GBP down against the Baht (51.8), up against the EURO (1.41).
Makes no sense at all to me, but encourages me to buy a small villa by the sea near Alicante/Benidorm.
congratulations! you will then be entitled to declare your worldwide financial holdings to the Spanish Tax Authorities who will check your utility bills and try on that basis to make you a resident ("Estimado Señor Maewhatever, your water and electricity consumption is hard evidence that you resided more than 183 days in lovely España!" and liable to pay tax on your worldwide income
I already pay tax on my worldwide income in the UK, so don't have to pay a second time in Spain.
As for residence, that's great my Thai wife gets PR after 1 year in Spain, and I get UK state pension increases.
Something she isn't entitled to in the UK, and I wasn't entitled to in Thailand.
Are you sure about the tax issue?
A friend of mine recently moved to Spain, and he told me that a lot of British moved back to the UK because something had changed which made it not so interesting for British people to have a second home in Spain.
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Have you looked on https://www.airbnb.com/ ?
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I look at dividends as bonus.Got me confused, I just got 206,000 baht after tax from Jasmin. Hard ot keep track of all those dividends. Enjoy my trader friends. Learn how real money is made by investors.
It might well be worth you working on your record keeping so that you can better assess your returns.
I don't actively follow the share - just saw it come up in the news recently and recalled from here.
Looks to me at first look like you suffered some quite heavy losses on that between holding and receiving the dividend at least.
To receive that dividend you would probably have been holding on 2 March, which would have been an excellent exit point when the price was 9 baht a share. That div went xd on 3 March for a div of 1.5 baht, payable on 19 March. There was another div of 0.15 went xd on 10 March payable 27 May. So total divs going xd of 1.65, between holding on 3 March to get the div and 1 April your post
http://www.set.or.th/set/historicaltrading.do?symbol=JAS&page=1&language=en&country=US&type=trading
On the date of your post the price closed at 5.55 baht
So in about 1 month 2 March to 1 April the price fell 9 - 5.55 = 3.45 baht. Yet you only have divs worth 1.65 baht in that period
Put another way if you sold on 2 March you could have had 9 baht
because you held until 1 April, your mark to market of 5.55 + realised profit 1.65 was only 7.2 baht
That's a hell of a difference. Be careful when looking at returns, don't just count the dividends and say look how much money I have received (206k after tax)
The loss for that month looks to have been around 20% after dividend ! (38% drop in share price in a month less 2 divs of 18% => 20%)
As I say I don't follow it, but if you look at your position in the bigger picture with more complete record keeping. it looks like you lost about 20% rather than simply getting a dividend and "making real money" as you put it. It's important to understand both realised gains and unrealised losses when assessing returns, also best to mark to market daily if trading and at least monthly if less active.
Cheers
Fletch
Interesting, as an Investor I look at them as part of the overall rationale for investing in the company & an indicator of how well the company is doing...
Dividend rises in-line with profits... Re-invest (ideally via scrip).
Dividend remains static... Amber alert, monitor, take dividend as cash.
Dividend gets cut without a major external reason... Sell
Dividend is held/raised artificially from raising capital... Sell & Run for the Hills...
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Masterchef USA has started again. I just love the cooking shows.
I think I've said this before but worth repeating, I love Master Chef Junior, the skill of those young kids (some as young as 8) puts me to shame [emoji17]
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How does one go about investing in SET? I dont have a work permit, or any non immigrant visa so I cant open a traders account.
Any others way?
Do any brokers in europe let you buy stocks from SET?
Pay MacW $1200 & all will be revealed, no Work Permit / Visa required...
Damn, you don't even need to be able to spell Thailand to invest in the SET (same with every other market in the planet),
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Whilst I agree with the sentiment can I point out that painting your house is taking work from a Thai...
Watch the Canadian TV Border control program for the lecture you should be reviving...
Yeah, I meant that it is taking work from a Thai, maybe I worded the sentence unclearly. Posters on here had problems with that, or other home renovations.
No problem, I (like most others) would rather do our own work where we're qualified (I'd pay somebody to stand next to me if it was important to me)..
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Whilst I agree with the sentiment can I point out that painting your house is taking work from a Thai...
Watch the Canadian TV Border control program for the lecture you should be reviving...
Yeah, I meant that it is taking work from a Thai, maybe I worded the sentence unclearly. Posters on here had problems with that, or other home renovations.
No problem, I (like most others) would rather do our own work where we're qualified (I'd pay somebody to stand next to me if it was important to me)..
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Whilst I agree with the sentiment can I point out that painting your house is taking work from a Thai...^ There are dozens of old threads debating whether or not you need a work permit for something that isn't being employed by a Thai entity, isn't taking jobs from Thais (like painting your house), is done remotely offshore (if he publishes online on Amazon), doesn't involve Thai Baht in any way, etc. etc. Many don't think you do, there has never been a clear answer given. The alien labor act refers says working is 'working' and refers over and over again to having a Thai employer. Even if you do need one, zero enforcement or risk in his case, and who in their right mind cares enough to even ask him the question.
Watch the Canadian TV Border control program for the lecture you should be receiving...
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Freelance work aka "digital nomad".
May I ask, "Doing What"?
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Point being that they're "Senior Level & Very Experienced" and no doubt have lots of connections from their previous career(s). Somebody just setting out on their programming career is looking at a minimum of 5-10 years to get to that level, assuming they can get a step on the ladder in the 1st place (Degree probably mandatory so add on another 3 years if you don't have a decent one).
OUCH!!! I wouldn't do that... Do you know how many "Programmers" India & China (Philippines & Vietnam now getting in on the act) churn out each year who will do the job for a fraction of what you'd be looking for.I agree. I don't see how people can spend years here working at Thai government schools. Personally I couldn't put my faith in a Thai employer. They can't run shit.
I'm going back to the USA to learn programming.
Be at the higher end of the food chain (Architect, Designer, PM) or write your own mobile apps to sell, but don't be a programming grunt (no offense, I spent almost 10 years between 1988-98 writing/hacking code & know how hard it is to do #well#, I loved doing it but that boat has well & truly sailed).
You'd be surprised, I know personally a number of people that currently work remotely from Thailand as programmers earning north of 100k USD.
They are senior level and very experienced of course, but there is plenty of well paid pure programming remote work for those who can show experience and ability - in fact I would say the number of remote opportunities has risen within the last 5 years, there are an increasing number of profitable western organisations that operate distributed teams and hire based upon skill not price.
There are many more, but Buffer are a particularly interesting example, since they are 100% remote and transparent regarding pay and equity for every team member (though I've seen higher at other places) - https://open.bufferapp.com/introducing-open-salaries-at-buffer-including-our-transparent-formula-and-all-individual-salaries/
Www.freelancer.com & www.upwork.com (was oDesk) are the 2 main sites I'm aware of for getting "remote" work, never used them as I'm not actively looking for work (& haven't written production level code for 12-14 years) but might be worth looking at to get a feel for the sorts of "Jobs" in demand.
I mentioned Mobile Apps may be a good area to get into, another interesting area (to me) is Automation (e.g. PowerShell on the Microsoft Platform) not as sexy as mobile apps but the potential for companies to save money & meet increasing regulatory demands around Logical Access Management & Control/Auditing of Privileged Access are huge, so feels like there will be a lot of demand for those kinds of skills.
Just my 2cents, having worked in IT for 27 years, I'm actually looking for something completely different, but happy to sit back & chillax for a while until I work out what...
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I agree. I don't see how people can spend years here working at Thai government schools. Personally I couldn't put my faith in a Thai employer. They can't run shit.If not working for an out of the country company, it will be very difficult.
Without specialized, needed skills you may find employment in Thailand that will pay you a modest living wage at Thailand's low cost of living.
Remember, Thailand prohibits foreigners form working in many occupations that can be filled by Thai people.
You will probably never find employment here that will allow you to invest or save for your future.
What will you do when you are too old to be employed?
In many cases Thailand considers 35 years old too old to hire!
A person in his 20s, 30s or 40's should probably not put all of his eggs in the basket called Thailand.
Plan well, or this could be you...
I'm going back to the USA to learn programming.
OUCH!!! I wouldn't do that... Do you know how many "Programmers" India & China (Philippines & Vietnam now getting in on the act) churn out each year who will do the job for a fraction of what you'd be looking for.
Be at the higher end of the food chain (Architect, Designer, PM) or write your own mobile apps to sell, but don't be a programming grunt (no offense, I spent almost 10 years between 1988-98 writing/hacking code & know how hard it is to do #well#, I loved doing it but that boat has well & truly sailed).
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Yeah work hard, save hard and hope you don't retire just after a meltdown in the equity and bond markets; then hit Thailand as a balding, overweight divorcée with hypertension looking for a young local who'll "love you for you"
Anyone under 40 who follows the old route laid out here by perfectly well-meaning people, could very well find Thailand way too rich for them in 20 years.
People are so convinced you can't earn good money in Thailand because they assume there will always be a huge difference in the value of the baht against other currencies.
You only need look at the exchange rate with the EUR and GBP now compared with 7 years ago to know that's a crock
True & you could just as easily find yourself like the guy I was talking to on my last trip to Bangkok who was trying to get a job back in the UK but every company was looking at his 10 years in Thailand/BKK with a bit of a snigger (his words, not mine).
FWIW, I made my "Early Retirement" money (more accurately doubled it as I'd already retired once at 40 but wasn't mentally prepared to stop working & was climbing the walls after 3 months) from 6 1/2 years working in Singapore (plus picking up bargains during the GFC) & would recommend to the OP that they look for roles there or HK or Tokyo etc... & have the best of both worlds.
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Only the 1st one if I'm honest, guess the Thunder dome one was ok...
Did you enjoy the other films in the Mad Max series? That could make a big difference.Sorry Bookman, I normally agree with your assessments & look forward to watching the ones you recommend but having just sat through this dross, this time I have to disagree with you.
Edit: could just be I expected more with Tom Hardy & Charlize Theron in it or just not in the mood for a no-brainer movie today but as I said it really didn't float my boat...
Edit2: plus I took an instant dislike to the "War Child(s)" & cringed when any of them had any dialogue (the scene where the big one proclaims he "Had a brother & he was #Perfect#" deserves the Rotten Tomatoes award for worse acting & worse dialogue).
I am looking forward to Spy though, trailer looks great [emoji106]
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MAD Max: Fury Road
I had been looking forward to this movie for over a year and it does not disappoint. One of the best action/chase movies I have seen. Avoids a lot of the over moralizing, corny explanations, predictable stupidity and product placement we see so much of these days.
Fantastic stunts and action. You don't want to miss a minute of this movie
Watch it on the big screen if you can.
9/10 from me
The spectacle of Mad Max: Fury Road is a symphony of action under George Miler's direction. It's gleefully insane! Like some unholy union between The Wacky Races cartoon and an Iron Maiden album cover. Miller has described the film as one long chase sequence. When you get right down to it, that's pretty accurate. Plotwise it's a race to there and back again. But it's Colin Gibson's production design, John Seale's cinematography, Junkie XL's immersive score, and Jenny Beavan's costumes that define this movie. The look is absolutely bonkers. It's a testament to the visual and aural overload that it propels an adult like me into giddy exuberance. Mad Max: Fury Road is an all out pedal to the metal, full throttle chase with nothing held back. You know those pre-teens raised on heavy metal music and 80s action movies back in the day? Well we're adults now. This movie hits the sweet spot.
Sorry Bookman, I normally agree with your assessments & look forward to watching the ones you recommend but having just sat through this dross, this time I have to disagree with you.
Poor/no story or dialogue & just a series of people & vehicles "spring boarding" through the air, if it wasn't for the fact that I was watching it whilst fully reclined in Premier Class (box of popcorn on one side & a Bingtang on the other) I honestly think I would have walked out after 20 mins.
Scores 1/10 for me & that's only because it had the hot chick from one of the transformer movies in it (& she was heavily pregnant
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Work, Save, Invest Hard & avoid "Bad" debt...
But do stop to smell the roses every now & again (I lost most of my 30s being a workaholic but boy am I making up for it in my 40s
).Oh... & take care of your body/health, it's a lot easier to do when you're younger & will pay dividends as you age [emoji106][emoji106][emoji106]
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I compare it to Davao City but only because I'm trying to work out whether to live in Thailand or Philippines...
They both have houses, cost of living, weather, transportation...etc..Port Charlotte is a poor comparison to Chiang mai.
they have nothing in common
Can you pick any place on the globe that you find appropriate to compare to Changmai?
- Manila Vs Bangkok, no competition, Bangkok every time
- Pattaya Vs Cebu, a little closer (but only because I prefer Filipinas, especially Cebuanas)
- Chiang Mai Vs Davao City, undecided, Have spent a lot of time in Davao as that's where my Filipina is from but I'm drawn to Thailand for the food & Infrastructure... [no comments about safety please as Davao City is one of the few (if not only) places in Philippines that are safer than Places like CM].
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Yes it is served with the chili paste on the side & the place is more of a Korean/Japanese BBQ place but as I say, I quite like the Bibimbab there once I've added some chopped chilies & extra Korean chili paste
To me, that mall Korean place is mass market, dumbed down, banchan limited if I recall correctly, more for Thai tastes more than Korean. Do you really see many Koreans there? I haven't. Bibimbap is always served with the side chili paste to add.I've had a fair few decent meals at the Devonshire (Soi Lengkee) for around 200-250, typically British food (so doesn't really give a WOW factor, more comfort food) but very nice & within the budget mentioned
I love Korean food (in particular Beef Bibimbab), AKA (5th Floor, Central Mall) do a decent one & have extra chillies/sauce on the table (I love it really spicy, when I lived in sg, I used to buy the Korean Pepper Sauce& put it on everything I made
).I do wish I'd have know about the one you've mentioned though, will definitely give it a try the next time I'm in Pattaya [emoji106]
Non-O Visa Failure - Not Accepting Proof of Income (?)
in Thai Visas, Residency, and Work Permits
Posted
Edit: Sorry I misunderstood your point, for a Retirement visa it could by "400k in Bank AND 40k income", for Marriage it should be "400k in Bank OR 40k income".